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Dec 17, 2012
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. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long hard week ahead as families begin saying good-bye to loved ones and burying those victims who did not survive last woke's tragedy. first two funerals were held today. the first for 6-year-old noah posner, whose twin sitter survived in another room. and jack pinto. there is a lot of evidence both from the school and shooter's home and now they are beginning the long process of going through that evidence. they say they hope it will point to a motive. teachers today are meeting to discuss how best to hand they'll tragedy, moving forward as student begin to return to classrooms. student who attended sandy hook are i
. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long...
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Nov 8, 2012
11/12
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about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout the year. we have to remember the earlier stories about the possible senior position on the standing committee, their leadership. and of course given the events earlier this year vis-a-vis his wife allegedly killing a british businessman, the level of corruption, he was dismissed from the party and is now jailed. so there's been quite a few surprises in what is normally a very well structured process into the chinese transition. in terms of the u.s. china rlgs ship, in a broad sense, i don't anticipate much of a change. the interconnectedness between the u.s. and china is so great that neither coun
about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout...
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Dec 19, 2012
12/12
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some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so much product that they are ready to start exporting worldwide. but wait until you hear who is trying to stand in their way. free market capitalism is always the best path to prosperity. we will be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide hi
some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so...
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Oct 26, 2012
10/12
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how does hurricane sandy impact your prices at the gas pump? >> let's ask our cnbc contractor here. >> we're seeing a spike in diesel fuel and gas prices as we anticipated the refine capacity on the east coast will get impacted. it was just being talked about, this won't be a major storm in terms of being a category 2 or 3 where insfra trukt tour will get impacted but if we lose power or get flooded out, that will disrupt shipments and supplies and we import a lot of fuel into the east coast to that too. >> we just had the weather guy on. i don't want to go after them, right, we're colleagues, but i'm looking at the national oceanic forecast and we're looking at 10 inches of rain in the mid-atlantic. don't the refineries gets flooded? >> i think the weather channel guys have been through it all so they don't see it like we do. irene last year, there are bridges out left and right still if you go north -- >> they flee when the dow goes down and if it rains, we flee. >> to them, they are ready to jump out the window. >> there's the potential for
how does hurricane sandy impact your prices at the gas pump? >> let's ask our cnbc contractor here. >> we're seeing a spike in diesel fuel and gas prices as we anticipated the refine capacity on the east coast will get impacted. it was just being talked about, this won't be a major storm in terms of being a category 2 or 3 where insfra trukt tour will get impacted but if we lose power or get flooded out, that will disrupt shipments and supplies and we import a lot of fuel into the...
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Oct 30, 2012
10/12
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sandy won't quit. if you look right here, there is a new belt of showers and thunderstorms that have formed. gusty storms that are affecting that wart of the country. even the north eastern united states on the coast line is in part of the storm. right in through chicago coming in through the great lakes that is where the winds are funneling in from the north. same winds edge of the storm that moved in on the coast line. that is number two. and three of course, we have a lot of air play in through here. let's zero in on west virginia. it is not only snowing there, they have had over two feet around 30 inches of snow. if you look at the video, from west virginia and from the western pan hand handle of mary they have had not only 30 inches of snow, but another foot that is going to come in the next 24 hours. even though the really big punch from sandy is over, there are still more problems to come. when we get to tomorrow night we will finally be able to breathe a sigh of relief. >> todd unbelievable. ou
sandy won't quit. if you look right here, there is a new belt of showers and thunderstorms that have formed. gusty storms that are affecting that wart of the country. even the north eastern united states on the coast line is in part of the storm. right in through chicago coming in through the great lakes that is where the winds are funneling in from the north. same winds edge of the storm that moved in on the coast line. that is number two. and three of course, we have a lot of air play in...
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Oct 29, 2012
10/12
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i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you know, we'll have to wait and see how extensive and long lasting the power outages are. you know, to the extent that they are on some east coast states where, you know, president obama has had a substantial lead, you could see that it may not affect the outcome in some of those states, but, on the other hand, if you're talking about florida, talking about virginia, these are highly competitive states, and we can't predict how it's going to affect it. >> thanks, guys. talk to you later. we've been looking at that video of the capitol b
i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you...
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Nov 1, 2012
11/12
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i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election? >> i don't think so. in my investment outlook, i basically said neither one, republican, democrat, democrat, republican. it is the defendant government that money can buy -- >> bill, you said a lot. you were pretty cynical. were you jaded. i thought when did bill gross get so jaded with government? >> that's not jaded. we spent $5 billion on this election for what? to prove that it is the government of the super pac by the super pac for the super pac? to prove that basically no matter who wins, that we'll be at this point four years from now in the future. so what i'm suggesting is, no, not don't go to the
i would suspect that there will be a resolution and that perhaps sandy and effects from sandy will force some type of compromise that might not have been possible going forward. but to our way of thinking, the fiscal cliff is probably a 1% negative in terms of gp which means that if gdp was going to be 2 or 3, it is now going to be 1 as opposed to 2. they're probably slow-growth quarters from our standpoint. >> only economically. only economically. does it matter who wins the election?...
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Oct 30, 2012
10/12
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sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of more cost cutting over the next three years. very crass tidrastic moves, tho. ubs is going where no other bank has gone before. it is closing down an entire unit. the fixed income unit. so really this is more than a paradigm shift. when i spoke to the ceo of the bank, he explained what was the rationale behind that move. >> it means a better time to market, being more close to our chintds, and at the same time, the effectiveness of creating an environment that allow us to reduce operational risk. so just not a cost cutting exercise. of course in our industry which is a hi
sandy roars ashore. dumping a ton of rain on the u.s. east coast knocking out power to williams. >> bp hikes dividend by more than 12%. >> and bank of japan steps into boost the economy for a second straight month. >> it's a big day for earnings here in europe. usb is cutting up to 10,000 jobs. one of the biggest cuts in the finance industry since the 2008 crisis. the stock is up, though. carolyn roth has been speaking to the ceo. >> investors clearly liking the news of...
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Nov 1, 2012
11/12
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Nov 1, 2012
11/12
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stocks don't fare sandy. a great day and the dow climbed 136 points. the kudlow report is just moments away. >> all
stocks don't fare sandy. a great day and the dow climbed 136 points. the kudlow report is just moments away. >> all
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Nov 2, 2012
11/12
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it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is certainly good news, the dollar rallied because there's less likelihood of qe-3. that would be dollar positive. well, you know, that might be good. that's certainly a good sign of a better economy as well. but that put pressure on all the commodities. you can see that this knock-on effect of qe-3, which is one reason so many people have a hard time with qe-3. >> john sweeney, what impact do you feel the monetary policy has had? there was a time the market was rallying even as the fundamentals were falling down or slowing down at that point. d
it really has the feel of a sandy effect. utilities and consumer staples have been the weakest perform thers week. terms have done better. the anticipation of rebuilding and the hit that the utilities have taken right now still feels like it's the aftermath of the storm here. >> we're in a slightly different -- the cause of qe-3, it has created some whacky distortions in the market. it's again affecting the market today. when we got a better than expected payroll report, which i think is...
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Oct 31, 2012
10/12
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. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they open. certainly there's people with pent up demand. >> i think whatever happens, the fact that we're back up and trading is a good thing. >> the interesting question is why. but why couldn't the new york stock exchange have gone with its electronic trading systems. will this serve as a catalyst to maybe pursue that route the next time with more confidence. >> it's a day of cleanup. >> yes, it is. millions of people in the northeastern u.s. will spend days or weeks to recover from sandy, which is being blamed for at least 46 deaths. at its peak, more than 8.5 million homes and businesses were without po
. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they...
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Nov 2, 2012
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we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive revenue growth in the first half of 2013. extra space storage which has high exposure in new york and new jersey will see the biggest effect. perhaps as much as 33% of its portfolio. sovereign, up to 24%. this all according to analysts at cantor fitzgerald. now these reits are already up between 3% an 6% just since sandy hit. public storage is the largest of these self-storage reits. some haven't liked it lately because it's very expensive, but cantor upgraded it just before sandy hit from a sell to a hold. one caveat to all of of this, extraspace tellin
we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive...
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Oct 30, 2012
10/12
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today on "power lunch," surviving sandy. three important areas we're going to focus on, insurance and the frightening comparison. one insurance executive is making about the impact of sandy. a hit to the retail sector, damage to property and a washed-out holiday. we will see who is best poised to recover quickest. >>> and how do you secure that crane, and we're looking live at the crane dangling precariously over west 57th street in manhattanch the latest on "power lunch." now back to scott and "fafl half." >> let's get over to bob pisani at the news desk and a statement from the new york stock exchange regarding tomorrow. >> we do, and it looks like all statements are go. let me read the statement. the nyse will open with all normal trading with equity and bond markets and derivative options on wednesday, october 31st. trading will commence on the nyse exchange at 9:30 a.m. under normal opening procedures, and the nyse building and trading floor are fully operational. the ceo pending a statement saying we're pleased we turn
today on "power lunch," surviving sandy. three important areas we're going to focus on, insurance and the frightening comparison. one insurance executive is making about the impact of sandy. a hit to the retail sector, damage to property and a washed-out holiday. we will see who is best poised to recover quickest. >>> and how do you secure that crane, and we're looking live at the crane dangling precariously over west 57th street in manhattanch the latest on "power...
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Nov 2, 2012
11/12
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if people would give money to sandy relief. city meals is
if people would give money to sandy relief. city meals is
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Oct 31, 2012
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sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. you said you liked the stock but thought that it could get it at a lower price. since then, the stock has continued to rise, and today in particular. so i was wondering, do you think it's going to continue to rise or is it going to slump back? >> well, i'm glad that you called me on me, but i liked the stock but didn't tell you to buy it. that was a mistake. i like beacon. beacon is a better trade. can it come down? i think it can come down, but this time you gotta buy it and it doesn't have to come down too much to pull the trigger. donna in texas. >> caller: oh, happy boo-yah,
sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. you said you liked the stock but thought that...
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Nov 7, 2012
11/12
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part of it certainly europe i think part of it is concern about hurricane sandy, that that will do to interpretation of upcoming economic momentum and reports. so it is a combo package. but i think before too long, i think this is more a reaction to the headline this morning and i really think within a few days we're going to be back focusing on momentum in the economy of the united states which by and large has been pretty good, on the fact that there's growing evidence that china is starting to reemerge and may emerge and the world is starting to bounce. europe, despite the concerns today, is still much calmer in recent weeks than it's been for a long time. that krtrio package is what's ultimately going to drive the market, i think. i think people looking at that are going to want to come back into this market so i would be a buyer on this knee-jerk reaction. >> what would you be buying? which sector specifically, jim? >> i like the emerging markets. i think that's the big story for next year, emerging world bounces, emerging markets lead. in this country i'd buy manufacturing stock
part of it certainly europe i think part of it is concern about hurricane sandy, that that will do to interpretation of upcoming economic momentum and reports. so it is a combo package. but i think before too long, i think this is more a reaction to the headline this morning and i really think within a few days we're going to be back focusing on momentum in the economy of the united states which by and large has been pretty good, on the fact that there's growing evidence that china is starting...
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Nov 1, 2012
11/12
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as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >> yeah, their international bookings growth was up 25% off expectations between 10 and 18%. it's a monster run after hours, it's not one i would chase. above 650. i believe the stock breaks out from a pretty well defined down trend. you have a little bit of a double bottom. i think 650 is your pivot point. otherwise, i'm in the camp looking for a pull back. >> while sandy's not expected to affect the labor department's payout tomorrow, it could have an impact on jobs and gdp in the future. drew, always good to speak with you. what's tom
as far as sandy. they think that's going to dampen business in new york, which is a key market for them. >> maybe the impact felt in the quarter. >> i actually didn't do anything. i looked in the -- to doing an options trade on the stock today. i stayed away, because i was concerned about europe. the stock was down 15% last quarter. but expedia and travelline is saying the business is looking better. a selloff back to 600, i think it's -- >> confirmation from expedia? >>...
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Nov 5, 2012
11/12
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blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked about this stock, it was because they were being sued, a really unfortunate situation. i think the market likes that we haven't seen a pile-on by other plaintiffs. >>> and finally, a pop for pigskin politics. here is a positive sign for the romney campaign, according to the redskins koul rule. if the washington redskins win their last home game before a race, the incumbent party will win the presidency. on sunday, as you know, the redskins lost to the carolina panthers at home. but if you're not a firm believer in pigskin politics, con
blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked...
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Nov 2, 2012
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Dec 17, 2012
12/12
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that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them questions in the presence of a psychologist who can help them understand and help the investigators understand how to work through that process. it's a process they're playing close to the vest now. won't say what type of evidence they've recovered. there are reports that they may not get much from the home computer of the gunman adam lanza because he apparently crushed that computer, tore it to shreds before the attack. and made specifically sure that the hard drive was damaged. now, if that computer's been recovered and that's all police will say officially, they do have forensic experts to glean whatever they can from that. this is going to be a long own difficult process. they were asked today why go through this? we know sne parameters of what happened here. that adam lanza burst into e the school with an automatic rifle, killed these 20 ch
that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them questions in the presence of a psychologist who can help them understand and help the investigators understand how to work through that process. it's a process they're playing close to the vest now. won't say what type of evidence they've recovered. there are...
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Nov 14, 2012
11/12
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york city where you're going to, i assume, see people who are still suffering the effects of hurricane sandy which many people say is further evidence of how a warming globe is changing our weather. what specifically do you plan to do in a second term to tackle the issue of climate change, and do you think the political will exists in washington to pass legislation that could include some kind of a tax on carbon? >> as you know, mark, we can't attribute any particular weather event to climate change. what we do know is the temperature around the globe is increasing, faster than was predicted even ten years ago. we do know that the arctic ice cap is melting faster than was predicted even five years ago. we do know that there have been extraordinarily -- there have been an extraordinarily large number of severe weather events here in north america, but also around the globe. and i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions, and as a consequence i think we've got an obligation to future generations to do something about it. now in
york city where you're going to, i assume, see people who are still suffering the effects of hurricane sandy which many people say is further evidence of how a warming globe is changing our weather. what specifically do you plan to do in a second term to tackle the issue of climate change, and do you think the political will exists in washington to pass legislation that could include some kind of a tax on carbon? >> as you know, mark, we can't attribute any particular weather event to...
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Oct 29, 2012
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hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
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Oct 29, 2012
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continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here today in long island city we are -- cancelled about 1,200 pilots through the early part of wednesday. we are planning right now to begin bringing flights back to boston on tuesday night. then trying at the infrastructure ready for us and -- what -- subways and bridges and -- mass trance and it all that kind of good stuff if they can come back reliably tuesday night into wednesday we will try to begin operating into new york sometime on wednesday. >> we have got 12 had 00 flight cancelations at jetblue is that the right number? 1300 flights?
continuing coverage of hurricane sandy. nearly 14,000 flights have been canceled due to hurricane sandy. more specifics on the impact on air travel from new york based jetblue. it has a major presence along the east coast. on the telephone with me is the jetblue chief operating officer. good to have you on the program. can you update us on how many flights have you cancelled and when you think you will be able to get stranded travelers moving again? >> good to be with you. as i sit here...
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Dec 21, 2012
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i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're not going to raise taxes unless they get the spending cuts to go along with it. i think if there had been a package that was signed on to that they knew was legitimate, was real, was going to go to the senate and be passed, it had been a comprehensive package in the $2 trillion range which is what the president and the speaker had been talking about, i think that type of package could have been done. >> let me just interject because we know each other well. i don't think that was the meaning of yesterday. essentially, a lot of your former colleagues, the people who i think have rather different view
i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're...
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Nov 1, 2012
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after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible situation, but i think it will be contained somewhat in the fourth quarter, maybe the first. it's really cleaned up its balance sheet and focusing on two business lines. casualty and life. i think the life business will start to see some momentum as he they get more distribution. i think they use the weakness to buy when the stock is trading at .6 times book value. >> mike murphy, you could see a bit of an earnings hit based on what the actual insured losses and payout turn out to be. which name in this space you think
after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible...
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Oct 31, 2012
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the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12 months, we should see going into 2013, a greater demand for permanently installed packup systems. people have hit the turning point with frequency of outages, have come to the conclusion they need a backup plan that, frankly, is more permanent in nate tur. >> when it comes to the portables versus installed, i'm curious that the martins are different. there's another stream of ref knew which you get from servicing the units. >> the portables are sold through big box retailers. the margins on those products not kwied as good as on the installed products. installed
the first issue is obviously sandy occurred in the fourth quarter. that's going to have a material impact. as we said, we're significantly raising guidance for the fourth quarter. it will result in a rise for the year as well. that's really the portable generator demand. that's the in-rush much demand we see around an event that occurs -- unfortunately, when you get major destruction like this, you have a hard time actually finding gas for. but in the future and really for the next six to 12...
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Nov 2, 2012
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superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad....
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Oct 31, 2012
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and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> all right, getting back to breaking news on netflix, herb greenberg is on the story. >> netflix shares up about 17% right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and internat
and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's...
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Oct 30, 2012
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sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
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Nov 13, 2012
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hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and payin
hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers...
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Nov 10, 2012
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we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite economic impact that we'll see from sandy and the potential economic impact from the election, but as we roll into the spring of next year, say the second, third quarter, at that point the drag from economic growth from sandy becomes a positive impact. >> phil orlando, where are your favorite investment sectors? where are your best ideas right now? >> right now, we've sort of pulled in our horns and neutralized the portfolio in terms of equities and fixed income. we are watching very carefully the rhetoric. i was encouraged by speaker boehner and the president today, but right now we just need so
we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite...
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Nov 1, 2012
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hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps. >> shortage caused by hurricane sandy is causing lines in some cases miles long. joining us for monday is jonathan citron. thanks for calling in. you follow energy markets quite a bit. how long and how likely are the shortages to persist? >> i think we'll see the shortage persist for a short period of time. they're doing all they can to alleviate not only the damage, but it's all about getting the power back on. we need to get the glass to the pumps and the pumps working. so i think it's a matter of days rather than t
hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps....
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Oct 29, 2012
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hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of the building. an extraordinary shot we're looking at now. >> ultraluxury apartment building still under construction. as our robert frank reported a little while ago, some had already been purchased for tens of millions of dollars. that building going to 90 stories when all is said and done. winds wreaking havoc in midtown manhattan. the worst may still yet be to come from sandy. todd gross track latest path. >> indeed, the worst is to come. it's going to happen within the next few hours. we're approaching crunch time as this is accele
hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of...
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Oct 31, 2012
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i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those up with other polling places. further inland people will be able to vote there. he said the word he's getting is that the state of new jersey is going to lean to having an election on tuesday. that's the word from state officials there and they expect that most polling places will be open in cape may county, new jersey. however, he said the worst damage was in ocean county, new jersey. he doesn't have any word from election officials there. also in suffolk county, new york, i spoke with wayne rodgers, the republican board of elections commissioner up there. he told me t
i've been calling local board of election officials in the sandy zone today. we've been able to get through to a couple of them. start with cape may, new jersey, that's the southern coastal portion of new jersey where i spoke with michael kennedy, the cape may county registrar. he toll me they are still evaluating conditions there. they're going to see how many polling places they're going to need to move. they had a couple in yacht clubs near the water but he said they're going to double those...
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Nov 3, 2012
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lost in the hurricane sandy coverage was disney's massive 4 billion deal with lucasfilm. mickey and darth vader living together in the magic kingdom. the unit could include its animation unit getting back on track. julia has more. >> melissa, disney is paying $4 billion, half cash, half stock to acquire lucasfilm from its sole owner, george lucas. the centerpiece is "star wars", they have grossed $4 billion. analysts praised the deal its long-term prospects and disney's plans for another three "star wars" filming, next coming out in 2015, the same year bob iger says it will be accretive. lucas film generates $215 million from consumer products and disney is hoping to make that number much, much bigger. now, this deal comes the same week as disney is opening "wreck-it ralph" expected to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disney's animation under the leadership of
lost in the hurricane sandy coverage was disney's massive 4 billion deal with lucasfilm. mickey and darth vader living together in the magic kingdom. the unit could include its animation unit getting back on track. julia has more. >> melissa, disney is paying $4 billion, half cash, half stock to acquire lucasfilm from its sole owner, george lucas. the centerpiece is "star wars", they have grossed $4 billion. analysts praised the deal its long-term prospects and disney's plans...
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Nov 7, 2012
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. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled several events in virginia as did the president. right thing to do. it did stem that tide of momentum i think a little bit in virginia. and certainly gave the president the chance to dominate a few news cycles to do what they needed to do and fema did a good job. even though most of the efforts state and local governments, president was out there doing the right thing. partisanship goes out the window during natural disasters. it hurt governor romney because he had five days he couldn't do anything. hopefully that won't hurt him in virginia. i still think we win by a couple.
. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled...
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Oct 31, 2012
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nasdaq a little lower, in the aftermath of hurricane sandy. joining us jack bogle, senior chairman and founder of the van guard group. always good to have you. good morning to you. >> good morning to you. >> the mayor said it was important this place opening today. how important would you -- >> wouldn't put it high on my priority list. we have gone four consecutive days without trading, and the sun still came up. we may not have been able to see it, but if the trading is interesting, but doesn't advance the ball anywhere. somebody is buying and somebody is selling, >p and the stock doesn't care who owns it. so if it had gone on a few more days, it wouldn't have bothered me. >> but you know how funds work, the end of the month is a significant pivot point. >> woe don't do much trading, because our businesses haven't overwhelmingly dominated the index funds that don't trade at al all. ist not disabling, not the difference between success and failure, just market noise. >> certainty the market itself is not noise, whether you're talkic infrastruc
nasdaq a little lower, in the aftermath of hurricane sandy. joining us jack bogle, senior chairman and founder of the van guard group. always good to have you. good morning to you. >> good morning to you. >> the mayor said it was important this place opening today. how important would you -- >> wouldn't put it high on my priority list. we have gone four consecutive days without trading, and the sun still came up. we may not have been able to see it, but if the trading is...
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Oct 29, 2012
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continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one of the most powerful and expensive storms of the past 100 years. >>> welcome to this special edition of "street signs." >> at this hour sandy inching closer to the east coast bringing the rains, tens of thousands of power outages already and causing the closure of the new york stock exchange today and tomorrow as well. we have the latest track on sandy for you, but first of all, let's start off with our reporters live across the northeast. we begin now with our scott cohn in battery park near wall street. scott, what's the latest down there? >> reporter: well, mandy, as you can see, the wind i
continue to watch cnbc as we continue to watch sandy. you stay safe, my dear, too. >> i shall, indeed. thanks for watching. that will do it for "power lunch." >> special edition of "street signs" starts right now. >>> the days ahead are going to be very difficult. there will be people who die and are killed in this storm. >> sobering comments from maryland governor martin o'malley as hurricane sandy takes aim at the northeast. it will be likely one...
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Nov 28, 2012
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should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going
should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser...
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Oct 30, 2012
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since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't miss it. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. if we want to improve our schools... ... what should we invest in? maybe new buildings
since sandy hit. she joins us next on the aftermath of this superstorm. >>> also ahead -- >> i appreciate the presence, telephone call. if we need something, i have the number and i'll be sure to use it. >> new jersey governor and mitt romney supporter chris christie setting politics aside because of sandy. how will the superstorm impact the presidential election just one week away? i'll speak with pennsylvania governor ed remember dell on the back half of this show. don't...
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Oct 30, 2012
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parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the evening with the damage. they told us the water started coming around 10:00 last night. between 10:00 and midnight flooding their basements and moving up slowly. they kept moving up their homes to stay dry. when the evacuation crews came this morning, it took many hours to get people out. some people put their wading boots on and starting walking themselves. it's a small community here, but it's not just this area that was damaged as a result of this. also, hackensack is dealing with this. this is the type of problem that's not going to go away overn
parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the...
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Dec 7, 2012
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Oct 26, 2012
10/12
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hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to these chairs here. i'm telling you, it was a matter of luck that they didn't wash out to sea. we'll see what happens at 7:00 when the next high tide rolls in. we've had bands of rain, some produced gusts as high as 50 or 60 miles per hour. the weather from south florida to north will start to improve tomorrow. we know that. this is what i'm afraid of. we're going to see a storm that will weaken in terms of tropical intensity, go down to cat one and maybe even 70 miles per hour and become a tropical storm. as that's going on, it's going to change its characteristics,
hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to...
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Oct 30, 2012
10/12
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hurricane sandy or super storm sandy made landfall there. there is widespread flooding and severe damage to the casinos that dot the boardwalk. our kayla tausche is live in atlantic zwhachlt are you s atlantic city. what are you seeing, kayla? >> reporter: this morning at a press conference, governor chris christie saying he was trying to come out to the jersey shore to assess the damage but couldn't find anywhere to land in a police helicopter that being said you most of his comments were directed to seaside heights, brian was just describing, a little bit due south of here. certainly, atlantic city took the brunt of that hit yesterday when sandy actually made landfall here. the storm surge was record height. flood the city, onto the boardwalk and several intersections back. it is a different story. you remember those iconic visuals of the iconic boardwalk floating off into town yesterday? well, that's not the main part of the boardwalk, we are happy to report. it is actually the far north end of the boardwalk, at the letters developed end
hurricane sandy or super storm sandy made landfall there. there is widespread flooding and severe damage to the casinos that dot the boardwalk. our kayla tausche is live in atlantic zwhachlt are you s atlantic city. what are you seeing, kayla? >> reporter: this morning at a press conference, governor chris christie saying he was trying to come out to the jersey shore to assess the damage but couldn't find anywhere to land in a police helicopter that being said you most of his comments...
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Dec 29, 2012
12/12
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sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 threshold for rates, maybe an amt attached to it and maybe have unemployment attached to it, but that's it. that's what the
sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard...
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Nov 2, 2012
11/12
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...